ChopperKhan
20th January 2006, 10:40
Hi,
I run a small business producing a unique personalised video product which sells through catalogue gift companies. I am now about to pitch the product at a new price as it will now be available as a personalised DVD.
My question is - what is the accepted markup when dealing with catalogue companies? (the type that send out glossy magazines direct to potential customers - and then forward orders to me for the personalisation).
Previous dealings with these companies seems to indicate that they work on 100% markup - therefore if I sold trade £10, they'd charge £20+ VAT.
Is this the norm for these sellers?
My problem here is being able to charge enough to make it worthwhile, whilst still keeping the RRP at a acceptable level.
Any advice/knowledge would be greatly appreciated.
Paul
I run a small business producing a unique personalised video product which sells through catalogue gift companies. I am now about to pitch the product at a new price as it will now be available as a personalised DVD.
My question is - what is the accepted markup when dealing with catalogue companies? (the type that send out glossy magazines direct to potential customers - and then forward orders to me for the personalisation).
Previous dealings with these companies seems to indicate that they work on 100% markup - therefore if I sold trade £10, they'd charge £20+ VAT.
Is this the norm for these sellers?
My problem here is being able to charge enough to make it worthwhile, whilst still keeping the RRP at a acceptable level.
Any advice/knowledge would be greatly appreciated.
Paul